Suchergebnisse
Filter
Format
Medientyp
Sprache
Weitere Sprachen
Jahre
1850 Ergebnisse
Sortierung:
Large Shareholders and Financial Distress
SSRN
Working paper
Financial Distress and Bankruptcy Costs
In: Global Strategies in Banking and Finance; Advances in Finance, Accounting, and Economics, S. 369-379
SSRN
Working paper
Industry specific financial distress modeling
In: Business research quarterly: BRQ, Band 20, Heft 1, S. 45-62
ISSN: 2340-9444
Financial Distress in the Great Depression
In: NBER Working Paper No. w17388
SSRN
Working paper
Asymmetric Cost Behavior and Financial Distress
SSRN
Personal Financial Distress and Litigious Behavior
SSRN
SSRN
How do Firms Hedge in Financial Distress?
SSRN
MAINBANKS AND INVESTMENT EFFICIENCY IN FINANCIAL DISTRESS
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 23, Heft 4, S. 395-410
ISSN: 1475-6803
AbstractWe explore the effects of mainbanks on investment efficiency in financial distress. The previous literature argues that firms with close financial relationships with banks have lower costs of financial distress because of a reduced underinvestment problem. Although benefits may accrue to such close relationships, we contend shortcomings are possible as well. A firm in financial distress without a mainbank may be forced to reduce investment or sell assets to a buyer who has a higher value. However, for a firm with a mainbank, this disciplinary force is weakened. To firms with poor investment opportunities, the presence of mainbanks may actually induce an overinvestment problem. The empirical findings reported here are consistent with this idea.JEL classification: G31, G33, G34.
Mortgage Indebtedness and Household Financial Distress
In: ECB Working Paper No. 1156
SSRN
Mortgage Indebtedness and Household Financial Distress
In: IZA Discussion Paper No. 4631
SSRN
SSRN
REORGANIZATION AND FINANCIAL DISTRESS: AN EMPIRICAL INVESTIGATION
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 18, Heft 1, S. 15-32
ISSN: 1475-6803
AbstractPrior studies on financial distress focus on the restructuring of one aspect of the firm. By examining various forms of restructuring, we provide empirical evidence that asset restructuring and governance restructuring play significant roles before bankruptcy filing. Our analysis shows that financial restructuring before bankruptcy is influenced by the holdout problem among creditor groups. Evidence suggests that the fraudulent conveyance provision does not pose a serious impediment to divestitures during the two years before bankruptcy. The evidence also indicates that Chapter 11 reorganization is lenient toward management. Although Chapter 11 allows the firm to breach burdensome executory contracts with employees, our findings suggest that union busting is not an important part of the reorganization process. Finally, we identify various financial characteristics to predict the different types of restructuring a firm may undertake.